The Bottom Line: NewSpring Leads Investment in Mobile Dysphagia Diagnostics Leader Patheous Health
April 26, 2023
NewSpring ("the Firm"), a family of private equity strategies, announced today that NewSpring Healthcare, the Firm's dedicated healthcare strategy, has led a financing round in Patheous Health ("the Company").
Patheous Health is a leading provider of mobile and onsite dysphagia (swallowing impairment or difficulty) diagnostics services
Patheous Health is a leader in dysphagia healthcare and swallowing impairment conditions for patients and caregivers in skilled nursing facilities and senior care sites via a mobile delivery model. The Company provides innovative services and disruptive solutions that improve outcomes, increase access to care, and lower healthcare costs for patients with complex conditions.
Patheous Health will use this investment to pursue an aggressive growth strategy
The Company will use the proceeds from this transaction to support growth and expand into new markets. Patheous Health will also pursue strategic hires to augment an already highly experienced management team.
"At Patheous Health, we improve the lives of patients every day with our integrated dysphagia healthcare platform designed to avoid complications related to malnutrition in patients and restore quality of life. Our services and technologies are built on rapid delivery, dysphagia expertise, and innovation that aligns with the needs of healthcare and our partners. We see a great opportunity to bring this life-changing platform to more patients in need and are thrilled to leverage NewSpring's successful track record and expertise to accelerate growth and market adoption."
This investment aligns with NewSpring Healthcare's investment thesis of targeting disruptive, fast-growing niche clinical providers
NewSpring Healthcare deploys a unique, thesis-driven approach to find and invest in innovative companies in the lower-middle market that improve the delivery of healthcare or bend the cost curve of the healthcare industry through technology and human capital efficiencies.
Patheous Health has an innovative management team focused on growth
Led by Co-Founder and CEO Michael Peck, Patheous Health possesses a highly experienced, growth-oriented management team with high aspirations to take the company to new levels of growth.
"Patheous Health represents exactly the type of innovative niche clinical provider we target for investment. By delivering diagnostic services at point-of-care, Patheous Health allows patients to remain in a safe environment while improving health outcomes through its timely and convenient mobile imaging services. This business model was built for scale, and the Patheous Health team has done a terrific job positioning the Company for future growth. We see an enormous runway for continued expansion and look forward to working with the Patheous Health leadership team."